Global Wi-Fi 6 Market

Global Wi-Fi 6 Market Size, Share, Growth Analysis, By Offering(Solution, services), By Location(Indoor, outdoor), By Vertical(Government, consumer electronics) - Industry Forecast 2023-2030


Report ID: SQMIG45I2128 | Region: Global | Published Date: February, 2024
Pages: 255 | Tables: 91 | Figures: 76

Global Wi-Fi 6 Market Insights

Wi-Fi 6 Market size was valued at USD 10.9 billion in 2021 and is poised to grow from USD 13.04 billion in 2022 to USD 64.1 billion by 2030, growing at a CAGR of 19.6% in the forecast period (2023-2030).

Wi-Fi 6 offers faster and more reliable connectivity solutions, as well as the ability to handle extremely high network traffic volumes, allowing a greater number of smartphones, laptops, cameras, displays, smart speakers, and other Internet of Things (IoT) and personal devices to be seamlessly connected and communicate with one another. The growing emphasis among major companies to incorporate virtual assistants, such as Siri from Apple, Alexa from Amazon, and Google Assistant, into Wi-Fi 6 routers is expected to open up significantly lucrative revenue opportunities in the market. Wi-Fi 6 devices help to extend the reach of these virtual assistants by allowing them to communicate with smart stereos, smart TVs, and other microphone-enabled network devices, resulting in a more responsive and richer user experience.

The manufacturing sector is increasingly adopting contemporary technologies including wireless cameras, collaborative robots, and augmented reality/virtual reality (AR/VR). Improved wireless network connectivity is necessary for these devices to operate without interruption. In order to provide uninterrupted services, emerging e-learning trends at universities and in schools throughout the world require a unified network connectivity.

US Wi-Fi 6 Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 10.9 billion

Largest Segment

Outdoor

Fastest Growth

Indoor

Growth Rate

19.6% CAGR

Global Wifi 6 Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Wifi 6 Market Size By Location type, 2021-2028 ($ Bn)
Wifi 6 Market Size By Location type, 2021-2028 (%)

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Global Wi-Fi 6 Market Segmental Analysis

Global Wi-Fi 6 market is segmented based on offering, location, vertical, and region. Based on offering, the market is sub-segmented into solution, services, and hardware categories. Based on location type the market is divided into indoor and outdoor. Based on verticals, the market is segmented into government, consumer electronics, education, manufacturing, and healthcare. Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.

Wi-Fi 6 Market Analysis by Offering

The solution, services, and hardware categories make up the offering category. With the biggest market share of 35% and the highest market value of 3.44 billion in 2021, the service sector led the market. Wi-Fi network providers use a subscription-based business model to offer a variety of services. With Wi-Fi 6, businesses and service providers may support new and developing applications on the same Wireless Local Area Network (LAN) infrastructure while still offering customers high-quality service.

Wi-Fi 6 Market Analysis by Location Type

There are two categories of location type, indoor, and outdoor. With the biggest market share of 57% and the highest market value of 5.60 billion in 2021, the outdoor sector led the market. Outdoor Wi-Fi 6 operates at frequencies of 2.4 or 5 GHz and has a throughput of up to 1.7 Gbps. Actual throughputs rely on consumer devices and the kind of wireless access points. Several antennas that are focused on the wireless range for a specific place are typically used to deploy outside access points.

Wi-Fi 6 Market Analysis by Vertical

Government, consumer electronics, education, manufacturing, and healthcare comprise the vertical segment. Consumer electronics held the greatest market share of 27% and generated 2.65 billion in market value in 2021, dominating the industry. The significant market share of the sector is due to Wi-Fi 6's fast data transfer speeds, multi-device connectivity, longer battery life, and reduced terminal device power consumption.

Wifi 6 Market By Location type, 2021 (%), 2021 (%)

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Global Wi-Fi 6 Market Regional Insights

Asia-Pacific held the largest global Wi-Fi 6 market share. The adoption of Wi-Fi 6 is expanding quickly in Asia-Pacific as a result of rising consumer demand for the internet, an increase in the number of connected devices, and a strong demand for public Wi-Fi hotspots.

China, Japan, India, and South Korea are among the nations that have embraced Wi-Fi 6 technology the most. Numerous public and private enterprises have been urged to use Wi-Fi 6 technology throughout the area as a result of the development of extremely sophisticated Wi-Fi 6 devices with high-speed data, longer battery life, and extensive Wi-Fi coverage.

By 2022, Cisco projects that 62.1% of people in Asia-Pacific will be internet users. By 2022, there will be 260.6 million Wi-Fi hotspots available to the general public (including residential spots). Additionally, by 2022, fixed/Wi-Fi IP traffic will account for 58.0% of all Internet traffic, or 89.9 EB per month. Therefore, the need for Wi-Fi 6 technology is projected to increase over the next several years as a result of the expansion in internet usage and public hotspots.

For the participants in this market, the development of Wi-Fi 6 devices by organizations like Huawei, Commonscope, Huawei Technologies Co., Ltd., TP-Link Corporation Limited, D-Link Corporation, and AsusTek Computer Inc. has opened up a number of chances. For instance, in May 2020, Huawei introduced ten brand-new AirEngine Wi-Fi 6 series models for the Asia Pacific region. These models will improve services for businesses and are perfect for building a premium fully-wireless campus as the new cornerstone for businesses' digital transformation.

Global Wifi 6 Market By Geography, 2021-2028, 2023-2030
  • Largest
  • Fastest

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Global Wi-Fi 6 Market Dynamics

Wi-Fi 6 Market Driver

  • The demand for Wi-Fi 6 and its services is anticipated to increase concurrently with the increase of internet users that has been occurring in recent years and is anticipated to continue in the coming years. The number of internet users globally is rapidly growing as a result of greater smartphone use and better connection. Greater global internet connection has created new economic opportunities for telecom service providers. They must also match the uptime of their rivals in addition to these advantages in latency and bandwidth.
  • To take advantage of these new prospects, telecom firms are heavily investing in enhanced Wi-Fi solutions, which may offer the necessary connectivity bandwidth, security, and network dependability. As telecom firms boost their expenditures in wireless network infrastructure, the market is anticipated to grow.

Wi-Fi 6 Market Restraint

  • The main problems in Wi-Fi networks are co-channel interference and contention loss. While co-channel interference occurs when two or more APs share the same Radio Frequency (RF) channel and negatively impact network performance, contention loss is the term used to describe poor network performance brought on by several customers converging on a single AP. In some of the developed markets, including North America, Europe, and a few APAC nations, it poses a danger. The implementation of a new network might result in network mapping across the channels, which would impair the network's performance in areas where Wi-Fi networks are already well-established. Making judgments on the installation of new APs would be difficult since the distribution of users along the APs would not be uniform.

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Global Wi-Fi 6 Market Competitive Landscape

The leading players are currently concentrating on implementing tactics like product innovations, mergers & acquisitions, latest advancements, joint ventures, collaborations, and partnerships to improve their market position in the global Wi-Fi 6 Market. For instance, Marvell's wireless connectivity portfolio was purchased by NXP Semiconductors in May 2021 for USD 1.76 billion. Marvell's Bluetooth and Wi-Fi (including Wi-Fi 6) technology portfolio and related assets make up the strategic purchase. The purchase would also assist NXP in diversifying its Wi-Fi 6 chipset solutions across important application domains including industrial, IoT, and automotive.

Wi-Fi 6 Market Top Player's Company Profiles

  • Cisco Systems
  • Huawei Technologies
  • Hewlett Packard Enterprise (HPE)
  • NETGEAR Inc.
  • Extreme Networks
  • Aruba Networks
  • CommScope Holding Company, Inc.
  • Aerohive Networks
  • ARRIS International plc
  • D-Link Corporation
  • AsusTek Computer Inc.
  • Ruckus Networks
  • Ubiquiti Inc.
  • Zyxel Communications Corp.
  • Nokia Corporation
  • Broadcom Inc.
  • ADTRAN Inc.
  • Juniper Networks, Inc.
  • TP-Link Technologies Co., Ltd.
  • Motorola Solutions, Inc.

Wi-Fi 6 Market Recent Developments

  • In February 2022, NETGEAR introduced the Nighthawk ax1800 (EAX20) and Nighthawk ax6000 (EAX80) Wi-Fi 6mesh extenders. The new Wi-Fi extenders utilize Orthogonal Frequency Division Multiple Access (OFDMA) technology to increase bandwidth. The NETGEAR nighthawk ax1800 mesh extender is a new four-stream mesh extender that can give up to 1.8Gbps speeds, which is one of the distinctions between the two.
  • In December 2021, AirEngine 6760-X1 & 6760-X1E APs from Huawei are ultra-high performance indoor fixed Wi-Fi 6(802. 11ax) APs with ten spatial streams by default and two built-in loT slots. The AP may operate in the triple-radio mode and deliver up to 12 spatial streams with an RTU license.

Global Wi-Fi 6 Key Market Trends

  • IoT applications must include intelligent infrastructure and smart cities. The trend to use IoT is anticipated to raise demand for 5G chipsets given that enterprises already use it to check equipment efficiency.
  • With the aid of AI and 5G electronics, businesses may improve the customer experience. They may also deploy specialized intelligent solutions to support the system of industrial electronics, making the corporate environment smarter and fostering research and innovation in new fields. A growing trend in the industry is to heavily invest in brand-new and upgraded Wi-Fi 6.

Global Wi-Fi 6 Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

In line with our Global wifi 6 market analysis, it has been determined that a rapidly rising demand for extremely dependable and low-latency data networks that can support wireless integration, as well as a rising need for fast data networks with a latency of less than 1 ms to guarantee seamless connectivity for mission-critical applications like Machine-to-Machine (M2M) communication, will propel market growth over the forecast period.

Report Metric Details
Market size value in 2021 USD 10.9 billion
Market size value in 2030 USD 64.1 billion
Growth Rate 19.6%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Offering
    • Solution, services, hardware
  • Location
    • Indoor, outdoor
  • Vertical
    • Government, consumer electronics, education, manufacturing, healthcare
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Cisco Systems
  • Huawei Technologies
  • Hewlett Packard Enterprise (HPE)
  • NETGEAR Inc.
  • Extreme Networks
  • Aruba Networks
  • CommScope Holding Company, Inc.
  • Aerohive Networks
  • ARRIS International plc
  • D-Link Corporation
  • AsusTek Computer Inc.
  • Ruckus Networks
  • Ubiquiti Inc.
  • Zyxel Communications Corp.
  • Nokia Corporation
  • Broadcom Inc.
  • ADTRAN Inc.
  • Juniper Networks, Inc.
  • TP-Link Technologies Co., Ltd.
  • Motorola Solutions, Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Wi-Fi 6 Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Wi-Fi 6 Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Wi-Fi 6 Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Wi-Fi 6 Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Wi-Fi 6 Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Wi-Fi 6 Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Wi-Fi 6 Market size was valued at USD 10.9 billion in 2021 and is poised to grow from USD 13.04 billion in 2022 to USD 64.1 billion by 2030, growing at a CAGR of 19.6% in the forecast period (2023-2030).

The leading players are currently concentrating on implementing tactics like product innovations, mergers & acquisitions, latest advancements, joint ventures, collaborations, and partnerships to improve their market position in the global Wi-Fi 6 Market. For instance, Marvell's wireless connectivity portfolio was purchased by NXP Semiconductors in May 2021 for USD 1.76 billion. Marvell's Bluetooth and Wi-Fi (including Wi-Fi 6) technology portfolio and related assets make up the strategic purchase. The purchase would also assist NXP in diversifying its Wi-Fi 6 chipset solutions across important application domains including industrial, IoT, and automotive. 'Cisco Systems', 'Huawei Technologies', 'Hewlett Packard Enterprise (HPE)', 'NETGEAR Inc.', 'Extreme Networks', 'Aruba Networks', 'CommScope Holding Company, Inc.', 'Aerohive Networks', 'ARRIS International plc', 'D-Link Corporation', 'AsusTek Computer Inc.', 'Ruckus Networks', 'Ubiquiti Inc.', 'Zyxel Communications Corp.', 'Nokia Corporation', 'Broadcom Inc.', 'ADTRAN Inc.', 'Juniper Networks, Inc.', 'TP-Link Technologies Co., Ltd.', 'Motorola Solutions, Inc.'

The demand for Wi-Fi 6 and its services is anticipated to increase concurrently with the increase of internet users that has been occurring in recent years and is anticipated to continue in the coming years. The number of internet users globally is rapidly growing as a result of greater smartphone use and better connection. Greater global internet connection has created new economic opportunities for telecom service providers. They must also match the uptime of their rivals in addition to these advantages in latency and bandwidth.

IoT applications must include intelligent infrastructure and smart cities. The trend to use IoT is anticipated to raise demand for 5G chipsets given that enterprises already use it to check equipment efficiency.

Asia-Pacific held the largest global Wi-Fi 6 market share. The adoption of Wi-Fi 6 is expanding quickly in Asia-Pacific as a result of rising consumer demand for the internet, an increase in the number of connected devices, and a strong demand for public Wi-Fi hotspots.

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